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MUMBAI/BENGALURU: The war in West Asia has hit home for restaurants across the country. A severe crunch of LPG supplies means a temporary shutdown for some, while many have already moved to induction cookers to stay afloat or restricted menu choices to do away with slow-cooking items, report Asmita Dey and Supriya Roy.Anjan Chatterjee, founder…
NEW DELHI: French major Dassault Aviation on Tuesday awarded a long-term contract to a Bengaluru-based aerospace company for manufacturing products for critical control systems applications of Rafale fighter aircraft.In a statement, Hical Technologies said it will deliver mission-critical products that meet Dassault Aviation’s stringent engineering, qualification and reliability standards under the agreement. “Hical Technologies has…
NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous…
Mumbai: For restaurants across the country, it is not business as usual–a severe crunch of LPG supplies on the back of the West Asia war is posing a threat of temporary closures with many firms having moved to induction cookers to stay afloat and some of them also restricting menu choices. Smaller establishments are already…
Experts note that while the domestic buffers for oil are relatively strong, LPG and LNG supplies need a boost. (AI image) India imports around 90% of its crude oil needs, and approximately 60% and 50% of its LPG and LNG requirements respectively. These are not just mere statistics – it’s a telling picture of the…
The government has revised the priority order for allocating domestically produced natural gas, placing LPG production, CNG for transport and piped cooking gas for households at the top of the list, as disruptions in imported gas supplies intensify amid the widening West Asia conflict, PTI reported.According to a gazette notification, the requirements of these sectors…
More than oil though, it is the disruptions in LPG imports from West Asia that are having an immediate impact. (AI image) Oil, LPG, and LNG – the backbone of a growing Indian economy – have seen their supplies being hit due to the Middle East tensions and the closure of the Strait of Hormuz…
India will supply 5,000 tons of diesel to Bangladesh via pipeline starting Tuesday through the Parbatipur border, confirmed Muhammad Rezanur Rahman, chairman of Bangladesh Petroleum Corporation (BPC). “Under our agreement with India, the country is to deliver 180,000 tons of diesel annually through the pipeline. The 5,000 tons arriving now is part of this arrangement,”…
NEW DELHI: As the conflict in West Asia continues to disrupt global energy flows, the Indian government has moved to safeguard domestic fuel supplies. With crude oil prices fluctuating amid uncertainty over shipments through the Strait of Hormuz, New Delhi has invoked provisions of the Essential Commodities Act (EC Act) to regulate the supply and…
Russian President Vladimir Putin on Monday (local time) warned that the US-Israeli war on Iran has pushed global energy markets into crisis, saying oil flows linked to the Strait of Hormuz could face a complete halt in the coming weeks. He also said Russia remains open to restoring long-term energy cooperation with European nations if…
